Wall Street eyes lower open after soft jobs data [Financial Post (Toronto, Ontario, Canada)]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Financial Post
The Labor Department's report showed nonfarm payrolls increased by 199,000 jobs in December, although the unemployment rate dropped to 3.9% from 4.2% in November, underscoring tightening labor market conditions. Djokovic held in detention hotel as he fights deportation from Australia Advertisement Economists surveyed by Reuters expected nonfarm payrolls to increase by 400,000 jobs in December. The average hourly earnings rose by 0.6% against expectations of 0.4%. Advertisement Article content “The topline is a disappointment but the growth of the labor market remains firm,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “Hourly wages are not coming down much, which suggests the Fed is not likely to be derailed by this headline number.” The data comes after the minutes from the Federal Reserve's December meeting signaled the central bank may have to raise interest rates sooner than expected amid a “very tight” job market and unab
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OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 3/21/24 - Form 4
- 3/21/24 - Form DEF
- 3/21/24 - Form ARS
- OXY's page on the SEC website